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Compare Texas Electricity Rates & Energy Prices

Find and compare plans from Texas’s top electricity suppliers

At Choose Energy, our reporters seek out information that puts you in control of your energy. Our partners do not direct our editorial content, though we may reference their products in our posts. Read about how we make money to learn more.

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May 2024 key insights

  • As of May 2024, the average electricity rate in Texas is 14.31 cents per kilowatt-hour (kWh).
  • The current lowest Texas electricity rate is 10.7 cents/kWh.
  • Use the Choose Energy marketplace to easily select the best energy plans and rates in your area.


Average Texas electricity rates in May 2024

The average Texas energy rate is 14.31 cents per kilowatt-hour (kWh), according to the most recent data from the Energy Information Administration (EIA). The Texas energy price is about 11% lower than the national average of 16.10 cents per kWh.

The Energy Reliability Council of Texas (ERCOT) predicts that the grid will have sufficient capacity to meet demand in Texas for the spring. With mild temperatures, now is a great time to find a more affordable electricity plan using the Choose Energy marketplace. Enter your ZIP code to search for the best cheap energy company for your home or business. We can help you compare Texas electricity rates, energy plans, and providers in your area.

What is considered cheap electricity in Texas? 

The lowest Texas electricity rate on the Choose Energy marketplace is 10.7 cents per kWh for the 1,000 kWh standard monthly usage. At the time of writing, Express Energy, Discount Power, 4Change Energy, Gexa Energy, and Frontier Utilities offer the cheapest fixed-rate energy plans on the Choose Energy marketplace. 

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